Medical Properties (MPW) Jumps 11% Ahead of Dividend

We recently published 10 Stocks with Surprising Gains. Medical Properties Trust, Inc. (NYSE:MPW) is one of the best performers on Friday.

Shares of Medical Properties jumped by 11.28 percent on Friday to end at $5.13 apiece as investors gobbled up shares following the ex-dividend date for its next quarterly dividend payment.

On October 9, shareholders of Medical Properties Trust, Inc. (NYSE:MPW) as of September 11 record are set to receive 8 cents worth of dividends for every share they hold.

This year alone, Medical Properties Trust, Inc. (NYSE:MPW) has already successfully paid out $0.24 in dividends to its shareholders.

The dividend distribution followed the company’s impressive earnings performance in the second quarter of the year. During the period, net loss attributable to shareholders narrowed by 69 percent to $98.3 million from $320.6 million in the same period last year. Total revenues declined by 9.77 percent to $240 million from $266 million year-on-year.

In recent news, Medical Properties Trust, Inc. (NYSE:MPW) successfully secured a $45 million annual lease agreement with NOR Healthcare Systems Corp. for six of its facilities.

Medical Properties Trust, Inc. (NYSE:MPW) has committed to finance up to $60 million in seismic improvements as may be required by regulators over the next four years, which could increase the lease base and result in additional rent.

While we acknowledge the potential of MPW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.